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Companies sign an agreement to optimise business transformation through process simulation
18th of January, London, UK – Arcwide, a global IFS Cloud services provider, and Silico, the business process simulation platform, today announce a strategic partnership to optimise decision-making. The partnership formalises the integration of Silico’s business process simulation (BPS) software with Arcwide’s cloud technology services, enabling the creation of digital twins of entire enterprises to help and optimise business transformations.
Established by BearingPoint and IFS, Arcwide brings together professional business services, IFS Cloud technology and innovation. Silico’s BPS platform allows Arcwide to create digital replicas of individual business processes to test the efficiency of potential ERP transformations. These digital replicas can then be linked together to form a digital twin of a whole organisation. This enables corporate users to simulate the outcome of different process variants and ERP transformation initiatives across the enterprise and optimise the decision-making process, helping organisations to understand the potential impact of their business transformation.
With this partnership, enterprises will be able to:
- Visualise analytics to monitor processes and foresee problems before they occur to enable proactive intervention, continuous planning, and the real-time monitoring of performance against projections.
- Simulate business resources to generate forward-looking analytics through AI-powered ‘what if’ scenarios that demonstrate the impact of changes to individual processes on the organisation. These changes can then be enacted via control automation.
- Provide iterative value over time. Modelling is more efficient than waiting for the outcomes of a completed project or process re-design.
Companies will see numerous benefits as a result of creating a digital twin of the enterprise, such as increased speed, frequency and complexity of scenario planning and enhanced alignment between commercial decisions and financial objectives. This is made possible through the ability to see real-time data and metrics in a model-based view, with the capability to compare any number of transformation initiatives and discover the optimal setting.
Different ERP systems can have varying impacts on KPIs such as FTE requirements, processing lead times, revenue, as well as supply chain security. However, quantifying these impacts ahead of implementation has proven difficult, leading to sub-optimal choices. With Silico, Arcwide can now make evidence-based decisions on ERP transformations with their customers.
John Hill, CEO, Silico comments: “Arcwide’s unique expertise in IFS transformations combined with Silico’s Business Process Simulation platform unlocks bespoke ERP transformations tailored to deliver the best outcomes to our joint customers based on insights from a digital twin of the Enterprise. With Silico, Arcwide is able to better design, monitor and implement ERP transformations to achieve better outcomes for the customer.”
Dr Philipp Fahr, Regional Lead GSA, Arcwide comments: “We are delighted to agree on a partnership with Silico and look forward to providing our customers with an enhanced service offering in the delivery of business transformations. With Silico we have gained a strong partner for business process simulation, who can build end-to-end digital twins of business processes to increase efficiencies, optimize processes, and simulate business outcomes into the future“.
Silico envisions a world where every decision is simulated, prior to being made in the real world. Silico is the leading provider of process simulation software, working with enterprises from any sector to transform their decision-making. Our SaaS software allows you to build a Digital Twin of your Enterprise (DTE) to monitor your business, forecast its future state, and simulate the impact of decisions into the future.
Arcwide is a joint venture and combines world-class business technology consultancy with the best-in-class cloud technology and innovation of IFS. Arcwide has a unique business transformation proposition: uniting technology innovation and professional services to help companies accelerate value realization with IFS Cloud. We deliver a truly end-to-end transformation service which includes pre-deployment scoping and business readiness, plus systems implementation and ongoing managed services.